Mr.Do Hanh - Director of VCT, Chairman of AETIN has signed the Letter of Intention (LoI) with the Representative of the Ministry of Foreign Trade & Development Cooperation of the Netherlands for the extension of AETIN in Hanoi

VCT Vietnam

Energy Trade Mission Vietnam 28/2 to 7/3/2013 and 10th ASCOPE

Friday, January 11, 2013

Ladies and Gentlemen,

The Vietnamese economy grew last year with 5,3% (5,5 % in 2013 est.) and will become the 14th largest economy in 2050 (according to PWC’s report), the country is now the third largest oil producer in the SEA region and has become an active petroleum prospecting region.

Capital expenditure in the Vietnamese oil & gas sector will remain high as exploration success is on the rise in Vietnam. Recently, seven new oil fields were discovered and five new oil wells were put into production including three in Vietnam and two abroad.

Vietnam’s oil and gas “Master Plan Toward 2015 and Vision to 2025” will require an investment of $200 billion, of which Petrovietnam’s share will be $80 billion. In 2010, the country’s first refinery started operation, the second and third refinery and petrochemical complex are scheduled to come on-stream in 2014 and 2015. Recently approved national master plan for power development needs $120 billion investment.

Dung Quat Refinery will be expanded, Nghi Son Refinery project and Long Son Petrochemical are in progress. Nam Van Phong refinery will double capacity and Vung Ro Refinery project is progressing.

In the midstream and upstream: PV Oil, PV Gas, Vietsovpetro, Chevron and other MNC’s are starting new projects.

Since September 2011, Vietnam Consult & Trading BV (VCT) has organized a number activities (Energy Forum, Trade Missions, Holland Pavillion, Seminars and mini-missions) on behalf of AETIN (www.aetin.eu) – a 2g@there consortium initiated and led by VCT and supported by Dutch government. These activities have been successful and a network between AETIN members and Vietnamese counterparts has started to develop. Within this network members of AETIN are starting to do business with prospects and clients.

Following up the first successful year, AETIN has decided to organize a mission to Vietnam from 28/2 to 7/3/2013. We, as VCT, will again organize this mission and invite you to participate.

Networking receptions: in Hanoi and Hochiminh City we will work together with Netherlands Embassy and Consulate General to organize networking receptions. In addition to relevant contacts of Embassy, Consulate General and VCT, you can also invite your contacts to these events.

The proposed program for you is not only a quite large and interesting program, but also the opportunity to have both collective (whole delegation or subgroups) and individual meetings with the Vietnamese companies. If you have specific requests, please inform us so that we comply with your preferences. We will optimize our collective and individual meetings together with you. The general approach will be that collective meetings are organized at every city, with a possibility to add individual meetings.

It is not stated specifically which date we will meet with which counterpart - because this depends on the counterpart as well and we are making appointments right now. If you have any other specific wishes, you are requested to provide us with list of companies and/or contacts that you would like to meet before January 18th, 2013. We will try to incorporate them in our program, after consultation with you. If you do not have any specific wishes, AETIN will fill in the entire program.

The program consists of the following visits and meetings:

Thur

28 feb

Hanoi

Arrival Hanoi, check in hotel

Networking reception

Fri

01 mar

Hanoi

Collective meetings

Sat

02 mar

Hanoi

Follow up and own program

Sun

3 mar

Vungtau

Arrival Vungtau, Check in hotel

Mon

4 mar

Vungtau

Subgroups meetings

Tue

5 mar

Vungtau

Collective meetings

Transport Vungtau-Hochiminh City

Wed

6 mar

Hochiminh City

Subgroups meetings/ trade exhibition

Networking reception

Thur

7 mar

Hochiminh City

Collective meetings

End collective program

Fri

8 mar

Hochiminh City

Follow up/own program

You can participate in all cities or just Hanoi, or just Vungtau and Hochiminh City. You have to arrange your own arrival and departure time, but you need to be present at the day you start at the mentioned locations.

Upon receipt of your application we will contact you by telephone for an interview. During this conversation, your individual wishes regarding the program will be mapped.

Note: for this mission only 12 places will be available and participation made in order of receipt. Avoid disappointment and therefore notify us as soon as possible.

The deadline to register by email for this mission is January 25th, 2013. Herewith you will find the registration form, please fill in the form online or send back to us by email to
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Upcoming activities

1. 28-30/11/2013 ‘ Participation in ASCOPE 2013’

By special invitation of Petrovietnam, AETIN will participate the 10th ASCOPE Exhibition & Conference. This event is organized once in 4 years by and for 10 National Oil & Gas companies, Multinationals and suppliers in oil and gas sector. Deadline for trade fairs registration: February 15th, 2013.